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2� 1 ��7214
<br /> Lender's R�ght to En�er. Lender�r Lender's agents sha��ha�e the righ�and ac�ess�o znspect the Property a�
<br /> aIl reasonab�e times in order �o at�end �o Lender's in�erests and ensure compliance wi�h the terms af this
<br /> S�curity �nstrument. �f the Property, or any par� fihere�f, shall re�uire �nspectinn, repair �r �nazn�enan�e
<br /> which �ran�or has fai�ed�a pro�ide, Lender, after reasonable natic�, may enter upon �h� Pr�perty t� effec�
<br /> such �bliga��on; and �he cos� thereof shal� b� added to the �ndeb�edness and paid nn Lend�r's demand by
<br /> Gran�or.
<br /> A�SI�NMENT aF LEASES AND RENTS. As additional security for�he payment of the Indebtedness and the
<br /> perf�rmance �f th� c�venants contained herein, Gran�or hereby ass�gns and transfe�-s o�er �o Lender alI rents,
<br /> incame and profzts �"Ren�s"} under any present or fu�ure Ieases, subleas�s or Iicenses af the Praperty, inciuding
<br /> any buaran�ies, ex�ens�ons, amendm�nts or �enewals th�re�f, fro�n the use of�he Pr�per�y. So �ong as Grantor is
<br /> not in d�fault, Grantor ma.y rec�i�e, co�lect and enj�y a�l R�nts a�cru�ng from the Proper�y, but n4�mor��han on�
<br /> mon�h �n ad�ance of�he due da�e. Lender rnay a�sfl requ�r� Gra���r, �enant and any oth�r user of the Property to
<br /> make payments of Rents dzr�c�ly to Lender, Hovve��r,by r�ceiving any su�h payments,Lend�r is no�,and sha�l not
<br /> be cflnsidered, an abe�t for any patfiy ar ent�ty. Any amounts collected may, af Lender's sale d�scret�on, b�app��ed
<br /> t� pr�tec� Lender's interest in the Properfiy, inc�ud�n� bu� no� I�mi��d to �he pay�nent �f�a�es and insurance
<br /> premiums and to the �nd�btedn�ss. At Lend�r's sole discre�ion, a11 �eases, sub�eases and l��enses rnust f rst be
<br /> approved by Lender.
<br /> C�NDEMNAT��N. Grantor shai� aiv� L�nder notic�of any action�aken or threatened�o be�aken by private or
<br /> pub�ic en�ities t�appropria�e the Property or any part�her��f,through cond�mnati�n, eminen�dfl�rnain�r any other
<br /> act�on. Fur�her, L�nder sha�l be perm�t�ed ta participa�e or intervene �n any of th� above described proceedings in
<br /> any manner �� shall a� i�s sole d�scre�ion d�termine. Lender is hereby gi�en fu11 p�v�er, r�gh� and authority �o
<br /> recei�e and receipt for any and all damages awarded as a resulfi of�he full or partial tak�ng or appro�riation and in
<br /> its sole discreti�n, �o app�y said awards to �he �ndeb�edness, vvh�ther or nat �hen due �r otherwis� �n accordance
<br /> with app�icab�e law. Unless Lender a�herwise abrees in writinb, any applicatiori of proce�d� �o the Indeb�edness
<br /> sha�l na� ex�end or postpone �he due da�e of the payments du� under �he Ind�btedness �r chanae the amount of
<br /> such payments.
<br /> GRANT�R'S ASSURAN��S. At any ��me, up�n a request �f Lender, Grantor w�Il execu�e and d�li�er to
<br /> Lender, and �f apprapria�e, caus� �o be r�corded, su�h further mor��ages, assignm�n�s, assianrnents of��ases and
<br /> rents, security a�reements, p�edges, finan�ing s�a�err�ents, or such other document as Lender may require, in
<br /> Lender's sol�discretion, ta effectuate, complete and�� perfect as well as to c�ntinue t�pres�r�e fihe Indebfiedness,
<br /> ar the lien�r security in�erest Greafied by this Security�ns�ru�ment.
<br /> ATT[7RNEY-IN-�FACT. Grantor appoints Lender as a�tQrney-in-fact on behalf af Gran�ar. �f�rantor fails to
<br /> fuifill any of�ran��r's �b�i�a�ions und�� this Securi� �nstrument or any Re�ated Documents, �ne�udinb those
<br /> ob�igations m�ntianed in �he prec�din� pa�a�raph, L�nder as a���rney-�n--fact may fulf lI �he �b�i�atians without
<br /> natice to Grant�r.This power of attarney shall no�be affe�ted by�he disab�l�ty af�he Grantor.
<br /> EVENTS DF D�FAULT. The follo�vin�, events shal� c�ns�itute defaul� under �h�s Security Instrume�t �each an
<br /> "Even�of Default"}:
<br /> �a} Failure to make required paymen�s when due under Indeb�edness;
<br /> �b� Failure �o perform or keep any of�he �a�enants af this Security �nstrumen� �r a defaul� under any of
<br /> �he Related Do�umen�s;
<br /> �c� The mak�ng �f any oral or written s�a�emen� t�r asser�i�n to Lender �hat is fa�se or rn�sleading in any
<br /> material respe�t b��rantor or any person obliga��d on the �ndeh�edness;
<br /> �d� The death, dissolu�ion, insol��ncy, bankruptcy �r rece���rship proceeding of�ran�or ar�f any p�rson
<br /> or entity obligat�d on the�ndebtedness;
<br /> �e� Any assignment by Grantor for the benef t af�rantor's cr�ditors;
<br /> �� A ma�er�ai ad�erse chanae occurs in �he fnanc�al condifian, avvnership ar management of Grantor or
<br /> any persan obl�gated on the Indebtedness;or
<br /> ��} Lender deems itse�f insecu�-e for any reason wha�soe�er.
<br /> R.EM�D��S (]N D�FAULT. Upon th� �ccurrence of an Event of Defaul�, Lender may, �vifihau� d�rnand or
<br /> n���ce, pa�any or aIl�axes, assessments, premiums, and �iens required�o be paid by Gran�or, �ffec�any insurance
<br /> pro��ded for h�rein, make such repairs, eause t�e abstracts of�i�le ar title insurance pol�cy and tax h�s�arzes of the
<br /> Praperty to be cer�ified �o da�e, or procure new abstracts af ti�Ie ar����e insurance an��ax h�staries in case none
<br /> were furnished to ��, and procure titl� reports co�ering th� Proper�y, �ncludinb sur�eys. The a�m.aunts paid far any
<br /> such purposes wi�I be added ta the Indeb�edness and wi�l bear interest at the ra�e �f in��resfi o�h�rwise ac�ruin�on
<br /> �he Zndeb�edness unt�l paid. �n the event of fore�losure, the abs�rac�s of title or �itle �nsurance shall become �he
<br /> property of Lender. AlI abs�racts �f�itle, �i�le �nsurance, �ax histories, sur�eys, and other documents pertain�ng�o
<br /> the �ndebtedness wi�l remain in Lender's possesstan until the Ind�btedness is paid in full.
<br /> IN THE EVENT�F T�E SALE�F THIS PR�PERTY�NI]ER THE PR��EI]URE F�R F�RECLC]�URE�F
<br /> A SECUR�TY �NSTRUMENT BY ADVERTISENIENT,AS PR�]V�DED BY APPL��ABLE LA�V, �R�N THE
<br /> EVENT LENDER. EX�RCISES ITS RIGHTS C1NI]�R THE ASS�GNMENT �F LEASES A.ND RENTS, THE
<br /> LEND�R. SHALL PRQV�DE ALL STATUT�R�LY R.��UIREI] N�TICES C7F SALE AND NaT�CES �F
<br /> JUDICIAL HEAR�NGS B�F�RE LENDER E�ERC�SES ANY �F ITS R�GHTS UNDER T��S
<br /> INSTR.UMENT.
<br /> Upon�he occurrence of a�.E��n�of D�fault, Lender�nay, vvi�hou�notice unl�ss requ�r�d by law, and at i�s option,
<br /> declare the en�ire �ndebt�dness due and payable, as it may elect, re�ardless of th�date or da�es af ma�ur��y thereof
<br /> and, if permitt�d by sta�e law, is author�zed and empowered to cause the Property t��e so�d at pubtic auc�ion, and
<br /> �2�]0�-2D 15 CompIiance Systems,Inc.648B-OFAS-?Q l 5.1?.3.t.1039
<br /> Carnmercial Real Estate Security Insirument-DL4��7 Pa�e 3 af 5 w�vw.comp3iancesystems.cam
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